Toncoin: Explained for Everyone

Toncoin (TON) holds the 13th place in the ranking of the most popular currencies and is 4th in terms of traffic among all blockchains. It is an impressive result for a relatively fresh crypto asset! What are the reasons for Toncoin's success and future perspectives? Today, we will sort out complicated technologies and concepts behind them.

Intro

Toncoin (TON) is a native coin of the TON blockchain. First of all, the token's recent strong performance is rooted in its original development on the Telegram messenger with more than 950 million monthly active users. But it’s not the only reason. The cutting-edge innovations and the considered development plan also contribute to its progress. Let’s take a look.

Tech Advantages

TON is built on the blockchain utilising a traditional Proof-of-Stake consensus mechanism but with some key innovations.

Ensures that the network can handle increasing users and transactions, without compromising speed or security.

Makes Toncoin safe and prevents attacks.

It’s possible to make transactions with TON directly within the messaging app without entering a crypto address.

Toncoin Tokenomics

Toncoin stands out not only for technical developments but also for healthy and well-thought-out tokenomics.

Makes Toncoin more inflation-resistant.

TON follows a plan of token issuance, mitigating the risk of the large portion of tokens flooding the market.

A part of the transaction fees collected within the network is burned, effectively reducing the number of coins in circulation.

How to use Toncoin

Toncoin, supported by the diverse TON infrastructure and the growing number of Telegram messenger users, has numerous applications. It can be used:

As a means of payment

For staking

For paying fees on the TON blockchain

For voting for changes in the TON blockchain

For purchasing domain names in TON DNS

etc